PNC Infratech has received Rs 37 crore as bonus for early completion of one of its EPC projects namely ‘Development of Purvanchal Expressway (Package VI) from km 218+300 to 246+500, in the state of Uttar Pradesh’ from Uttar Pradesh Expressways Industrial Development Authority (UPEIDA), Authority for the Project on April 20, 2022.
The project has been completed on November 30, 2021, 97 days ahead of the scheduled completion date. Accordingly, bonus 0.04% of the contract price (Rs 954.0 crore), for each day of early completion received by the company, in terms of the contract agreement.
PNC Infratech is an infrastructure construction, development and management company, with expertise in execution of major infrastructure projects, including highways, bridges, flyovers, airport runways, power transmission lines, development of industrial areas and other infrastructure activities.
